Volume 1, Nomor 1

This article is a study of development of Syariah Capital Market in Indonesia. Specifically, Stock Return and Stock Risk: A Case Study Jakarta Islamic Index 2002-2003. A Central problem of this study is focused on the growth of price and stock return, also stock systemic risk in the groups of Jakarta Islamic Index 2002-2003. By using qualitative method, I found the growth of price is fluctuate. Furthermore, according to on average totally return which is given to emitten of Jakarta Islamic Index in 2003 is 2,46% with standard deviation is 5,92%, so that coefficient variation is 2,4122. This study has conclusion that according to on average thirty emitten which is listed at Jakarta Islamic Index in 2002 has average beta value (or risk) is 0,8703 or it has low risk.

The objective of this research is to examine the performance market of cashew nuts from 3 aspects; market structure, market performance and market conduct. Then the datas were analysed by using decsiptive analisys method and statistical analisys method (Autoregressive Distributed Lag model). The result shows their performance, structure and conduct of market of cashew nuts.

Pembangunan dan Kebebasan

Yogi Sumakto (Fakultas Hukum Umiversitas YARSI)

Abstrak

This article is study the nature of idea of “development as freedom” (“pembangunan sebagai kebebasan”), in which that the fundamental view of Amartya Sen presented in his book, “Development as Freedom” and the others. Amartya Sen has analyze freedom as the principal ends of development, is that can be seen as process of expanding the real freedoms that people enjoy. Specifically, our study concerns with the problem of relation between individual freedom and achievement of social development goes well beyond the constitutive connection important as it is. According to Amartya Sen, development requires the removal of major sources of unfreedom: poverty as well as tyranny, poor economic opportunities as well as systematic social deprivation, neglect of public facilities as well as intolerance or overactivity of repressive states. I will try to draw the role of the state, because state has contribution to development precisely through in effect on the process of enhancing and sustaining individual freedoms and development in broad perspective.

Analisis Efisiensi Sebelum dan Sesudah Menggunakan Just In Time

Pada PT. Denso Indonesia Corporation

Arida Ulya (Fakultas Ekonomi Universitas Yarsi)

Abstract

This article is explain about difference of the efficiency before and after using just in time at PT Denso Indonesia. The result of research that after using just in time system can be reduce the amount of physical defects of the goods were 0,5 percent or nine units per month in the production process. In addition to, just in time system can be reduce area requirements because there is level of inventory is low, so that the company could be economize the expense of the area requirements.

Perhitungan Zakat Dengan Pendekatan Akuntansi Islam

Nurul Huda (Fakultas Ekonomi Universitaa Yarsi)

Abstract

This article is explaine the zakat accounting method with using Islamic Accountancy Approach. The asset evaluation system that in accordance with the zakat mechanism that is a current value from the asset. the zakat accounting company is still find a problem as consequence of difference between format accutancy and financial report element which have a different standard form at present day with fiqih language. So that is needed a standard to determine the formulation of the zakat accounting.